Since both cartoons this weekend were about JPMorgan’s huge loss, I figured I’d lump ’em into one post. JPMorgan CEO Jamie Dimon is also on the board of the NY Fed. I’m sure he is super-great at oversight besides this little $3+ billion whoopsie-daisy. He’s against even the lukewarm reforms that were included in Dodd-Frank following the 2008 economic collapse.
And speaking of Dodd-Frank, it really is only half-written. Two years after it passed. Check out the page for the House Financial Services Committee and get a load of these regulation-hatin’ morons bitching about the rules they’re supposed to be writing.
And as I noted in the tag at the bottom of the comic, that loss increased by at least another billion in the week since I drew this cartoon.